Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h +0.040%

Price spread now: Injective against Kalshi+1.843%66s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.843% dearer against Kalshi than usual: you sell high and buy low (spread +1.843% now, against zero (this spread has no 7-day history yet)): +$184 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXVVVPERP	32.226	0.0107	pay 0.0107% / 8h	5h 29m	$105K	$6.8M	1.7x
Short	Injective VVV/USDC PERP	32.820	0.0033	get 0.0004% / 1h	29m 41s	$2K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kalshi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KalshibpFee InjectivebpOrdersPrice spread, now +1.843%Rate

Funding earned: −$15.43
Price spread: +1.843% → 0.000%: $184.32
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $158.88
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kalshi: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kalshi live order book, 4 min ago	8.60 bp	16.3 bp −$16	24.9 bp −$249	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	32.259	+0.104%	$91K	$23K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	32.272	+0.142%	$19K	—	150x	as long as short
Injective VVV/USDC PERPshort	+0.0033%	1h	32.820	+1.843%	$2K	$1K	5.5x
Lighter VVV	+0.0096%	1h	32.219	−0.022%	$2.3M	$5.5M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	32.198	−0.087%	$479K	$1.6M	5x	as long as short
Phoenix VVV	+0.0098%	1h	32.604	+1.173%	$57K	$294K	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	32.288	+0.191%	$149K	$783K	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	32.225	−0.003%	$269K	$1.9M	10x	as long as short
Pacifica VVV	+0.0100%	1h	32.219	−0.020%	$185K	$183K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	32.218	−0.025%	$33.7M	$157.1M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit VVVUSDT	+0.0100%	4h	32.197	−0.089%	$39.7M	$52.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	32.220	−0.019%	$4.7M	$42.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	32.233	+0.022%	$10.9M	$7.8M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	32.222	−0.012%	$6.3M	$7.0M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	32.221	−0.016%	$2.0M	$2.8M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	32.217	−0.028%	$5.9M	$8.9M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	32.216	−0.031%	—	$5.5M	—	as long as short
Variational Omni VVV	+0.0100%	4h	32.330	+0.324%	$2.1M	$183K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	32.260	+0.106%	$130K	$1.2M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	32.265	+0.122%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	32.285	+0.183%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	32.210	−0.050%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	32.206	−0.061%	$319K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	32.264	+0.119%	$6K	$13K	3x	as long as short
Kalshi KXVVVPERPlong	+0.0107%	8h	32.226	long leg	$105K	$6.8M	1.7x
edgeX VVVUSDC	+0.0110%	4h	32.442	+0.671%	$81K	$333K	10x	as long as short
Coinbase International VVV-PERP-INTX	+0.0144%	1h	32.341	+0.358%	$192K	$1.2M	25x	as long as short
BloFin VVV-USDT	+0.0157%	4h	32.260	+0.106%	$1.4M	$1.8M	25x	as long as short
RISEx VVV/USDC	+0.0175%	1h	32.236	+0.030%	$396K	$601K	5x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0188% / S +0.0166%	1h	32.265	+0.122%	$620K	—	100x	as long as short
Backpack VVV_USDC_PERP	+0.0281%	1h	32.270	+0.138%	$122K	$376K	5x	as long as short
01 Exchange VVVUSD	+0.0456%	1h	32.255	+0.090%	$12K	$3K	3x	as long as short
Hyperliquid VVV	+0.0552%	1h	32.234	+0.025%	$75.0M	$55.8M	3x	as long as short